Wednesday, January 13, 2021 11:42:50 PM
"The multibillion-dollar opportunity
In a recent presentation to investors, management said it forecasts as many as 400 flights per year from each spaceport with revenue per location reaching $1 billion. Right now, the company has just one Spaceport, but in the future, it could have many around the globe. This gives you an idea of how much potential management sees in the business.
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If test flights in the next few months go well, we could see paying customers launch from Virgin Galactic's Spaceport America in New Mexico as early as next quarter, which would open up a whole new phase of the company's growth. I think a few years from now space flight will be commonplace and Virgin Galactic will be leading the way. That alone makes this stock a buy in my eyes, and if it's successful in building a Mach 3 aircraft, it would only provide more upside.
This is no ordinary airline stock. Given the potential to create a massive new market for experiences and high-speed travel, this is a great buy and a stock I'll look to add to in 2021."
In posting to this site, it is my primary aim to provide accurate information and good ideas to the readers, for their benefit - and not hype or nonsense or gross exaggerations. I hope I achieve that goal. I also hope to learn by asking questions.
Recent SPCE News
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